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Runway rehab works at Davao airport completes well ahead of time

Transport & Logistics Context.ph Context.ph -
Runway repairs at Davao International Airport (DIA) are nearing completion, allowing for a near return to normal flight operations, according to the Civil Aviation Authority of the Philippines . 

First Gen earnings hit by lower electricity sales, expired power contract

Corporate Context.ph Context.ph -
First Gen Corp., the renewable energy arm of the Lopez Group, saw a 9 percent decline in net income to USD81 million on lower electricity sales, higher operating expenses, and the expiry of a power supply contract.

SM Investments, SM Prime set up USD3-billion borrowing facility

Corporate Context.ph Context.ph -
The overseas units of SM Investments Corp. and SM Prime Holdings Inc. have established a multi-issuer European medium term note program that could raise as much as USD3 billion from international investors for projects of the SM Group of the Sy family.

AyalaLand Logistics earnings rebound on industrial lot demand, leasing growth

Corporate Context.ph Context.ph -
AyalaLand Logistics Holdings Corp. saw first-quarter net income rise 19 percent to P211 million, with double-digit revenue growth fueling a recovery from the downturn last year.

Services, industry generate more jobs in March, take slack from El Nino-challenged farm sector

Corporate Context.ph Context.ph -
Services and industry generated nearly 2 million additional jobs in the past 12 months, compensating for the job losses in agriculture due to the challenges posed by El Nino and helping push unemployment rate down to 3.9 percent in March from 4.7 percent in the year-earlier period.
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DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

Agriculture 0
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

GSIS opens new Dagupan branch

Corporate Bulletins 0
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Rockwell joins expanded 4PH to widen homeownership access

Property 0
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.
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